Compare Business Bank Accounts

Choose from our range of business bank accounts and compare the features and benefits on offer, from high interest rates and no admin fees, to valuable support and advice from financial specialists, helping your business to grow.

Two years' free Business Banking* - Free Business Banking is available for Businesses which are less than 12 months old with an annual turnover not exceeding £1 million

Mentor Aware - help to manage your risks with our Employment Law and Health & Safety support tool

No annual fee on your Business Credit Card – apply for a NatWest Business Credit Card in the first six months of opening your account and we’ll waive the annual fee for your first year.

Free Start-up courses - help to get you started with our online courses

Free unlimited transactions – no matter how many deposits or withdrawals you make, as long as your business turnover is less than £1 million

£1 minimum balance – keep at least £1 in your account and you never need to worry about charges

Free Online, Telephone and Mobile banking – pay bills and make transfers 24 hours a day, seven days a week (available to all business current account holders)

Start your business with NatWest today!

* = Free banking means that the charges for the day to day running of your account (known as your 'service charge') will not apply during the free banking period. At the end of this period, you will automatically move to the Standard Tariff. Charges for "Additional Services" and "Unarranged Borrowing" are not part of the free banking offer. Free banking applies to businesses that started trading within the past twelve months with projected or existing annual turnover not exceeding £1 million.

“Switch to NatWest and they will credit your account with £150. Switch your overdraft too for another £100.

Your account will be credited £150 before the end of the 4th full calendar month after account opening. If you switched overdraft too, an extra £100 will be credited the same day. If you close the account or change tariff before credit is made, you’ll no longer be eligible to receive payment.

Offer only available to customers who choose the Business Current Account (Standard Tariff), with an annual t/o of less than £2m, where the business has been trading more than 1 year. NatWest reserves the right to alter, amend or foreclose this offer without prior notice. All credit applications subject to approval. Over 18’s only subject to status.

A £10 min monthly charge on Business Current Account (Standard Tariff) applies. Overdraft arrangement fees will apply. Security may be required, for which a fee may apply

B2B Mortgage is able to source competitive commercial mortgages with rates generally from 2.75% over Bank of England base, with up to 75% LTV. Better still there will be NO BROKER FEE saving you £500 - £2,000!!

Rates from 2% - 6% per month. Sign up online and get approved in hours. There are no application fees or set-up fees and you can even save money with free early repayments. Open to both UK sole traders and limited companies.

A specialist lender to UK Limited Companies and LLPs. A free, no-obligation funding decision made by real people. Borrow £20,000 up to £500,000 for a few days, a few weeks or a few months. Interest rates from 0.05% per day. No Sole Traders.

Secured or unsecured loans available with fixed rates from 6.4% APR. Businesses must have been trading for at least 2 years and have 2 sets of annual accounts within 60 days prior to the date of application.

The following are available to cover: Landlord, Shop, Office, Hotel, Sports & Social Club, Hair & Beauty, Florist, Butcher, Cafe, Home Based Professionals, Start Up, Small Business Combined and Tradesman.

Simply Business offers insurance for; Public Liability, Tradesman and Construction, Professional Indemnity, Shops, Pubs and Restaurants and Employers' Liability. All of which can be tailored to your specific needs and requirements.

Business bank accounts are tailored to accommodate all businesses financial needs, offering a range of helpful and convenient features for both savings and transactional purposes to help you to manage your business finances with ease.

All businesses have their differences, but the one thing they all share is the need to manage finances effectively. Many businesses also require funding at some stage in their progression, so it may be wise to consider choosing a provider that not only offers great business banking, but also gives access to business loans.

Whether you're looking to set up a new business, or you simply wish to find a new account, there are a number of options available to match your business needs, each offering assistance to help you spend less time worrying about your banking and more time building your business.

Business banking provides you with more than just a place to store your funds, but a full business package that can help you to make your business a success. Many providers have business specialists on hand, allowing you to get professional advice in a number of areas, not just finance.

What type of accounts are available with Business Banking?

The two main accounts that most businesses require are current accounts and savings accounts. Business current accounts can be used to house funds required on a day-to-day basis, and business savings accounts provide an effective place to keep the profits made from the business, while also accumulating interest.

There are a number of business savings products to choose from, so whether you require instant access to your reserve funds, or you are in a position to be able to lock your cash away in a fixed rate business bond for an extended period of time in order to earn higher interest rates, Which4U can help you to find the right account for your business.

What features are offered with Business Bank Accounts?

Most business current accounts come with an introductory free period, generally ranging from 6 – 24 months, but if you choose the right provider you can get free business banking for life. This means that you can reduce your outgoings while still benefiting from a great account.

Santander offers a business current account with a number of useful features at no charge, so you never have to pay a penny. Some areas of the account are limited, for example up to 100 cash withdrawals per months and you are also limited to £3,000 in cash deposits per month.

Other features available from a range of providers include free unlimited direct debits, standing orders, bill payments, debit card transactions and transfers. Some accounts limit the amount of free deposits that can be made per month, but there tends to only be a small fee when exceeding this, for example Alliance & Leicester allows £3,000 in free cash deposits per month, then charges 50p for every £100 above this.

You may also be given access to free advice, from business to legal & tax advice, and in some cases a local business manager to provide a more personal level of assistance throughout the life of your account.

Barclays offers its business banking customers an award winning service – 'CREDITFOCUS', which provides the facility to check out potential customers to see whether they have a sound credit score. This allows businesses to steer clear of people who have a history of late payments, or other unattractive qualities. On top of this, Barclays offers free secure data back-up, online skills training for employees and helpful legal & tax advice using its specialist helpline, and law, accountancy and marketing advice from it's pool of specialists. Barclays offers all this for up to 24 months at no charge.

Many banks now provide customers with unique business accountancy software to make managing accounts, staff salary payments and administration easy. These packages can draw data from your online statements and insert them into the system, allowing you to manage your accounts with ease.

How easy is it to manage a Business Bank Account?

Nowadays, the internet has made it very simple to manage you business finances online, 24 hours a day, 7 days a week. By gaining access to your providers online banking facility, at click of a button you can achieve a number of tasks, such as paying bills, transfer funds between accounts and viewing balances & statements. Most banks also offer telephone banking, as well as at ATM's, in branch and by post.

Will I be approved for a Business Account?

If you own a business you are eligible for a business bank account, but it is down to your bank to make the final decision, which will be based on your a number of factors.

If you are a relatively new company, some banks may ask you to provide some details and statistics regarding your business, such as financial forecasts together with a detailed business plan. However this is only usually required when you require some kind of credit facility, such as overdrafts, business credit cards and loans.

What will the bank want to know?

If you are an existing company then you are likely to be required to provide details of how you have managed your finances up until now. The bank you apply to may wish to carry out a credit check based on your previous banking history in order to assess various criteria, such as outstanding debts or any other potential problems that could accompany risk.

Featured Business Accounts

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The products compared on this page are a collection that Which4u.co.uk has agreements to track applications from and is not representative of all the products available in the market. The product information provided cannot be considered comprehensive and may not contain all the features relevant to you. Use of terms like ‘best’ and ‘top’ are not product ratings and are subject to our terms and conditions of use.

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